Global Wealth Management Investment Advisory Inc. Sells 2,005 Shares of United Parcel Service, Inc. (NYSE:UPS)

Global Wealth Management Investment Advisory Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,937 shares of the transportation company’s stock after selling 2,005 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in United Parcel Service were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP raised its stake in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after acquiring an additional 1,901,914 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Spirepoint Private Client LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $160,787,000. Finally, Assenagon Asset Management S.A. raised its position in United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Bank of America raised their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.21 during trading hours on Tuesday, hitting $132.79. The company’s stock had a trading volume of 109,431 shares, compared to its average volume of 4,167,219. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $131.58 and a 200 day moving average of $135.46. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market cap of $113.75 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.91%. United Parcel Service’s payout ratio is presently 98.49%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.